Utkarsh Small Finance Bank Ltd transfers unsecured stressed MFI loans to ARC

Upon conclusion of Swiss Challenge Method, Utkarsh Small Finance Bank Limited has, on December 31, 2024, transferred the said portfolio, with an outstanding of Rs.354.54 crore (as on September 30, 2024) to an ARC, for a consideration amounting to Rs. 52.00 Crore (14.67% of aforesaid portfolio).

The Management Committee of the bank had earlier authorised to proceed with transfer of Portfolio of Unsecured Stressed MFI Loans (NPA and written-off accounts) to Asset Reconstruction Company ('ARC').

Shares of Utkarsh Small Finance Bank Limited was last trading in BSE at Rs. 34.00 as compared to the previous close of Rs. 34.49. The total number of shares traded during the day was 355371 in over 3030 trades.

The stock hit an intraday high of Rs. 34.69 and intraday low of 33.94. The net turnover during the day was Rs. 12126854.00.

Source : Equity Bulls

Keywords

UtkarshSmallFinanceBank INE735W01017 UnsecuredStressedMFILoans SwissChallengeMethod ARC